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31 January 2017

Sinterit raises over €1 million from FIT AG

FIT AG will help to reach new markets for Sinterit machines.

Sinterit, the manufacturer of desktop laser sintering systems based in Krakow, Poland, announces that it has secured additional funding to the amount of EUR 1.1m by way of a rights issue. Sole underwriter was German additive manufacturer FIT AG, based in Lupburg near Munich. Terms of the funding were not disclosed, but Sinterit remains independent and FIT AG has not taken a seat on Sinterit’s board.

“From time to time, we support startup companies in our ecosystem, when we are convinced that the product idea and the management team stand a chance of success. We have done so with Wiivv, and we are now delighted to help Sinterit push their wonderful machines into the world market”, said Carl Fruth CEO of FIT AG.

We’re extremely proud and excited by the fact that FIT AG has decided to become our business partner. Their capital but also knowledge and experience in the field of additive manufacturing will definitely help us to expand to the new markets and create new great products for our customers”said Paweł Szczurek, CEO of Sinterit.

ABOUT SINTERIT:

Sinterit is a company based in Kraków (Poland) that specializes in the development of SLS 3d printers. Sinterit’s mission is to provide professional and cost-effective 3d printers in Laser Sintering technology. Sinterit has been founded in 2014.  (www.sinterit.com)

About the FIT Group:

Founded in 1995, FIT AG is a leading German provider of rapid prototyping services and additive design and manufacturing (“ADM”) via its subsidiaries FIT Prototyping GmbH and FIT Production GmbH. Group revenue in 2016 was EUR 24 million – an increase of forty per cent versus prior year. FIT employs today 250 people, most of them at the company’s headquarters in Lupburg, Germany. The FIT Group operates further subsidiaries, in Hamburg, Germany, and Boston, USA.

More information online: www.fit.technology

Press contact:

Sinterit Sp. z o.o.
Konrad Głowacki
+48 730 293 207
pr@sinterit.com
www.sinterit.com
FIT AG
Dr. Elisabeth Bauer
+49 9492 94 29 43
pr@pro-fit.de
www.fit.technology